Alert
Close

Last chance – give now. Before 2014 ends, help struggling seniors. Donate

Highlights

Open

You and Your Town Contest-You could win an AARP RealPad

Contests and
Sweeps

$10,000 Winter Escapes Sweepstakes

Beat the cold and cozy up to a chance of winning $10,000! See official rules.

Driver Safety

Piggy bank on the road - AARP Driver Safety

Take the new AARP Smart Driver Course!

AARP Books

Visit the Money Section

Enjoy titles on retirement, Social Security, and becoming debt-free.

Jobs You Might Like

most popular
articles

Viewed

South Carolina

HELP Averts Foreclosure

Interest-free loans available to unemployed homeowners to cover mortgage until they find a job

Property owners must complete an application and provide documentation that includes proof that the mortgage delinquency is the result of a hardship beyond their control and that they live in the house full time. Although there is no income limit, assistance is limited to first mortgages with a maximum value of $729,750.

Funds are provided as interest-free loans, which are forgiven at a rate of 20 percent a year. If a homeowner remains in the house five years, the loan doesn't have to be repaid.

Many retirees living on a fixed income still have mortgages, said Barbara J. Robinson, executive director of the Catawba Area Agency on Aging in Rock Hill. "Any little hiccup in their life is going to put them on the edge."

Teresa Arnold, AARP South Carolina associate state director, said, "SC HELP is just a tremendous resource that can make a difference until they get back on their feet."

But SC HELP does not assist homeowners whose finances are merely overextended.

"Frequently we are unable to help because the borrowers don't have a hardship so much as a long-term affordability problem," said Clayton Ingram, communications director for the state Housing Finance and Development Authority, which operates the program. "High fuel, groceries and utilities are not qualifying hardships. … They are employed and could afford their mortgage except for the other expenses."

SC HELP is temporary. "We're not here to sustain people forever," said Rivers, the program's director.

For Symmons, SC HELP meant maintaining her independence. "Without this program, I would have lost my house."

To apply, go to SCMortgageHelp.com, or call 855-435-7472 toll-free.

Also of interest: New mortgage aid program. >>

Topic Alerts

You can get weekly email alerts on the topics below. Just click “Follow.”

Manage Alerts

Processing

Please wait...

progress bar, please wait

Tell Us WhatYou Think

Please leave your comment below.

The Cheap Life

Jeff Yeager Cheap Life Ultimate Cheapskate AARP YouTube web series save money

Catch the latest episode of The Cheap Life starring Jeff Yeager, AARP's Ultimate Cheapskate. Watch

Discounts & Benefits

From companies that meet the high standards of service and quality set by AARP.

Life insurance: you are covered rain or shine

Exclusive annuities for members from AARP Lifetime Income Program from New York Life.

AARP Credit card from Chase

Members can get cash back rewards on purchases with the AARP® Credit Card from Chase.

Homeowners Insurance
Member Benefits

Join or renew today! AARP members receive exclusive member benefits & affect social change.

Rewards for Good

Your Points Balance:

Learn More

Earn points for completing free online activities designed to enrich your life.

Find more ways to earn points

Redeem your points to save on merchandise, travel, and more.

Find more ways to redeem points

Advance your skills. Transform your career.

Explore your learning possibilities.